Ryanair Holdings Plc’s 694 million- euro ($909 million) bid for Aer Lingus Group Plc was blocked by the European Union for a second time after regulators decided it would increase fares and reduce choice on flights from Ireland.
Ryanair Holdings Plc plans to appeal a move by European regulators to block its 694 million-euro ($932 million) bid for Aer Lingus Group Plc, in a last-ditch attempt to salvage a deal that has already failed twice before.
Leo Varadkar, energy spokesman with Ireland’s largest opposition party, Fine Gael, said it’s his “expectation that” his party will “vote against” Ireland’s 85 billion-euro ($112 billion) international aid package on Dec. 15.
Ireland’s banks will pay about 800 million euros for the state banking guarantee in 2012, Tourism Minister Leo Varadkar said. In an interview with Dublin-based state broadcaster RTE, he said that while ideally the ECB would be the lender of last resort for banks, that’s currently not the case,
Aer Lingus Group Plc said it’s in touch with investors willing to buy stakes in the carrier as it seeks to fend off a 694 million-euro ($849 million) takeover bid from Irish discount rival Ryanair Holdings Plc.
Gulf carrier Etihad Airways said it’s interested in buying Ryanair Holdings Plc’s near 30 percent stake in Aer Lingus Group Plc as Europe’s biggest discount airline struggles to take over its Irish competitor.